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Almost a year after the February 2022 Russian invasion in Ukraine, fears of a period of sustained high global food prices have subsided somewhat, but eight major concerns for food security remain.

In the weeks following Russia's invasion of Ukraine in late February 2022, several countries imposed export restrictions—including licensing requirements, taxes, and some outright bans—on a variety of feed and food products. These measures helped to fuel war-related disruptions in global markets and contributed to higher prices and increased price volatility.

The FAO Food Price Index continued its nine-month decline in December 2022, falling by an additional 1.9 percent. The decline was driven mostly by falling vegetable oil, cereal, and meat prices. However, overall in 2022, the Index was over 14 percent higher than its 2021 level, reflecting continued high prices driven by conflict, climate, and market concerns.

The FAO Food Price Index held steady in November and was only 0.3 percent above its November 2021 level. Rising vegetable oil prices were checked by declines in cereal prices.

The latest Food and Agriculture Organization of the United Nations (FAO) Food Outlook, released on November 11, 2022, sees continued challenges for global food security due to high energy and fertilizer costs, climate change, trade restrictions, economic downturns, and continuing conflicts around the world.